Nouns

One Noun, every day, forever.

nouns.wtf

gm! Shared this plan on X if you want to have a read.

https://x.com/dotnouns/status/1904659764115615757

We are working on a restart and heavy improvement of nogs to avoid the same mistakes and solve some of its flaws.

It's a bit frustrating that until 2 weeks ago we were creating some of the best infrastructures in the ecosystem and now everything we do is related to some sort of scam.

We always shared the possibility to use part of our presale to make a strong rebalance of the supply and increase the rewards and utilities associated to nogs. That’s why we locked the presale for 1 year.

In Nouns we are full of props that got funded and run without any execution. We always executed and continued to expand our infrastructure and supporting communities, mandate after mandate.

Changes around $nogs:

After the recent events and the mistakes I clearly made, we are taking the opportunity to redesign a complete upgrade of nogs with the goal to solve some flaws and make sure the same issues don’t happen again.

Since we are getting many DMs with ideas about

dotnouns.⌐◨-◨

What happened to all the nogs stored on treasury nouns? Did you have to withdraw the tokens and sell them for tax purposes?

The treasury nouns have 0 $nogs to avoid that anyone who would swap one of those Nouns would get the respective nogs. But those nogs have always been allocated to the dao. Since everything was already set and those nogs weren’t going anywhere else we were expecting to do that within Q1.

Because since the amount was already allocated there was no urgency to execute the tx immediately so we postponed the effective transaction for end the Q1. Obviously the situation was calm and positive at that time. 

Btw we are going to organise the tx these days. We are seeing if we can send the amount directly on mainnet or if instead we need to bridge it from Base. But I’ll send an update when everything is planned

why has it taken you months to not send them then?